TOLL vs. MOAT
Compare and contrast key facts about Tema Monopolies and Oligopolies ETF (TOLL) and VanEck Vectors Morningstar Wide Moat ETF (MOAT).
TOLL and MOAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOLL is an actively managed fund by Tema. It was launched on May 10, 2023. MOAT is a passively managed fund by VanEck that tracks the performance of the Morningstar Wide Moat Focus Index. It was launched on Apr 24, 2012.
Performance
TOLL vs. MOAT - Performance Comparison
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TOLL vs. MOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TOLL Tema Monopolies and Oligopolies ETF | -4.23% | 11.36% | 12.79% | 15.37% |
MOAT VanEck Vectors Morningstar Wide Moat ETF | -6.62% | 13.20% | 10.73% | 16.71% |
Returns By Period
In the year-to-date period, TOLL achieves a -4.23% return, which is significantly higher than MOAT's -6.62% return.
TOLL
- 1D
- 1.57%
- 1M
- -7.88%
- YTD
- -4.23%
- 6M
- -1.15%
- 1Y
- 5.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MOAT
- 1D
- 2.13%
- 1M
- -9.57%
- YTD
- -6.62%
- 6M
- -1.11%
- 1Y
- 11.38%
- 3Y*
- 10.72%
- 5Y*
- 7.98%
- 10Y*
- 13.48%
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TOLL vs. MOAT - Expense Ratio Comparison
TOLL has a 0.55% expense ratio, which is higher than MOAT's 0.48% expense ratio.
Return for Risk
TOLL vs. MOAT — Risk / Return Rank
TOLL
MOAT
TOLL vs. MOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Monopolies and Oligopolies ETF (TOLL) and VanEck Vectors Morningstar Wide Moat ETF (MOAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TOLL | MOAT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.28 | 0.58 | -0.30 |
Sortino ratioReturn per unit of downside risk | 0.55 | 0.97 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.13 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.52 | 0.88 | -0.37 |
Martin ratioReturn relative to average drawdown | 1.92 | 3.37 | -1.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TOLL | MOAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.58 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.75 | +0.02 |
Correlation
The correlation between TOLL and MOAT is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TOLL vs. MOAT - Dividend Comparison
TOLL's dividend yield for the trailing twelve months is around 0.33%, less than MOAT's 1.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOLL Tema Monopolies and Oligopolies ETF | 0.33% | 0.32% | 1.99% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MOAT VanEck Vectors Morningstar Wide Moat ETF | 1.45% | 1.36% | 1.37% | 0.86% | 1.25% | 1.08% | 1.46% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% |
Drawdowns
TOLL vs. MOAT - Drawdown Comparison
The maximum TOLL drawdown since its inception was -15.54%, smaller than the maximum MOAT drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for TOLL and MOAT.
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Drawdown Indicators
| TOLL | MOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.54% | -33.31% | +17.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.83% | -13.30% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.31% | — |
Current DrawdownCurrent decline from peak | -9.33% | -10.19% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -3.79% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 3.49% | -0.30% |
Volatility
TOLL vs. MOAT - Volatility Comparison
Tema Monopolies and Oligopolies ETF (TOLL) has a higher volatility of 5.65% compared to VanEck Vectors Morningstar Wide Moat ETF (MOAT) at 4.81%. This indicates that TOLL's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOLL | MOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 4.81% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 10.12% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 19.76% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 18.10% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 18.71% | -2.95% |